4010 FM 1788 - Industrial FOR SALE


Midland, TX 79706
$2,950,000 USD
214-534-7976
4010 FM 1788, Midland, TX for Sale
$2,950,000 USD
Industrial - FOR SALE
1/14
null | 9.89% Cap Rate

4010 FM 1788
Midland, TX 79706


HIGHLIGHTS

  • Tenant: M&D Distributors | NOI: $291,696 | Cap Rate: 9.89%
  • Parts Storefront & Auto Mechanic Shop
  • Front Showroom/Office Space

OVERVIEW

NRG Realty Group has been selected to exclusively market M&D Distributors flagship Permian Basin branch located in Midland, Texas. M&D has provided “Trusted Diesel Solutions for Over 80 Years”! M&D currently operates over 50 locations throughout the United States. M&D executed a 5-year NNN lease at the subject property in 2024 which underwent renovations to support M&D’s operations & customer base. The 19,500 SF facility features a large walk-in showroom and sales counter area, a climate-controlled warehouse and a four-bay shop. The property is located at the intersection of FM 1788 and Interstate 20, a major artery for truck traffic through the Permian Basin and United States. This location offers premium exposure to prospective customers and was a key in M&D’s decision to locate here. Previously an auto mechanic and parts store, this property features a 19,500 SF facility with FM 1788 frontage in Midland, TX. Measuring approximately 150' x 120', this building has a front showroom/counter sales space, some office space, and back shop for repair work. The warehouse has 4 drive-through bays with 16' grade-level, overhead doors allowing for maintenance work.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

9.89%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nationwide Truck Part Dealer-NNN, High Yield

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,340

ZONING

Outside City Limits

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.